Malaysia’s top 100 CEOs: Who took the top spot?
- The rankings were published in this year’s Corporate Governance Monitor report from Malaysia’s Securities Commission
Genting’s head might just be the highest-paid person in Malaysia, according to a list of the country’s top 100 CEOs.
The rankings were published on Tuesday, May 7 in this year’s Corporate Governance Monitor report from Malaysia’s Securities Commission (SC).
It assessed the total pay of CEOs of the top 100 listed companies on the Malaysian stock exchange’s main market. The companies were selected based on their market capitalisation (value on the stock market) as of December 31, 2018.
Those named as CEO or managing director in a company’s annual report, or in charge of running a company’s day-to-day operations, were treated as the CEO, SC said, adding that it obtained its data from corporate governance reports and announcements made on the Bursa website.
The report calculated a CEO’s pay by adding up the salary, bonuses and benefits.
It was only able to obtain CEO salaries for 84 of the 100 companies, as the remainder either did not disclose their CEO’s salary, or reported it in bands of 50,000 ringgit (US$12,042).
Half of the CEOs in the top 20 were from family-controlled companies, SC said.
The highest-paid CEO of 2018 was Genting head Lim Kok Thay, who took home an annual pay of 284.61 million ringgit from his two positions as head of Genting Bhd and head of Genting Malaysia Bhd.
